DP World has signed a 30-year concession agreement with Syria’s General Authority for Land and Sea Ports to develop and operate the Port of Tartus, investing $800 million to upgrade its infrastructure. The agreement, signed in Damascus by DP World’s Chairman, Sultan Ahmed bin Sulayem, and Qutaiba Ahmed Badawi, aims to position Tartus as a key regional trade hub, connecting Southern Europe, the Middle East, and North Africa.

Following years of conflict and underinvestment, the project is a significant step in Syria’s economic recovery, structured as a Build-Operate-Transfer (BOT) model. It will include advanced cargo-handling equipment and digital systems to enhance efficiency at the port.

Both leaders expressed optimism about the partnership, emphasizing its potential to modernize Syria’s trade infrastructure, support economic growth, and strengthen regional connectivity. Tartus, the country’s second-largest port, is strategically located on the Mediterranean coast, facilitating trade across Europe and North Africa.

DP World also plans to explore the development of free zones and logistics hubs, further supporting Syria’s economic diversification. With operations in over 75 countries, this project enhances DP World’s portfolio in the Middle East.